This property looks like a bad Mid-Term investment with a projected -15.76% first-year return on $289k initial cash invested.
-15.76%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$9,612
Rent
-$3,798
Cashflow
Cash Flow
$9,612 income − $13,410 expenses = $3,798 out of pocket
Investment Breakdown
|
Purchase Price
$1291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$289k
Downpayment
20%
$258k
Closing costs
1%
$12,914
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,612
Total Expenses
$13,410
Mortgage P&I
74%
$7,091
Property Taxes
14%
$1,316
Home Insurance
5%
$472
HOA
13%
$1,265
Property Management
12%
$1,153
CapEx
4%
$384
Vacancy
3%
$288
Maintenance
4%
$384
Other
11%
$1,057